Major for-profit hospital operators produced mixed financial results in the second quarter of 2018.
1. Nashville, Tenn.-based HCA Healthcare saw revenues increase 7.4 percent year over year to $11.5 billion in the second quarter of 2018. The revenue growth was partially attributable to higher patient volumes. HCA ended the second quarter of this year with net income of $820 million, up 25 percent from $657 million in the second quarter of 2017.
2. Dallas-based Tenet Healthcare recorded revenues of $4.5 billion in the second quarter of 2018, down from $4.8 billion in the same period of the year earlier. The company reported net income of $24 million, which was up significantly from a net loss of $56 million in the same period a year earlier.
3. Franklin, Tenn.-based Community Health Systems saw revenues dip 14 percent year over year to $3.56 billion in the second quarter of 2018. The decline was largely attributable to CHS operating 24 fewer hospitals in the second quarter of 2018 than in the same period of 2017. CHS ended the second quarter of this year with a net loss of $110 million, compared to a net loss of $137 million in the second quarter of 2017.
4. King of Prussia, Pa.-based Universal Health Services saw revenues jump 2.6 percent year over year to $2.7 billion in the second quarter of this year. The revenue growth was partially due to increased patient admissions. UHS reported net income of $226.1 million in the second quarter of 2018, compared to $185.4 million in the same period a year earlier.
5. Brentwood, Tenn.-based LifePoint Health recorded revenues of $1.57 billion in the second quarter of 2018, down slightly from $1.59 billion in the same period a year earlier. The decline was due in part to LifePoint operating one less hospital in the second quarter of 2018 than in the same period of 2017. LifePoint ended the second quarter of this year with net income of $52.4 million, up from $42.5 million in the second quarter of 2017.
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